Nigeria’s external reserves have risen to $40.11 billion as of July 2025, marking a significant rebound in the country’s foreign currency holdings.
Gatekeepers News reports that the Governor of Central Bank of Nigeria (CBN), Yemi Cardoso announced this during the Monetary Policy Committee (MPC) press briefing held on Monday.
Cardoso noted that the current reserve level provides approximately 9.5 months of import cover, reflecting a significant boost to Nigeria’s foreign currency buffer.
The latest figures represent the highest level of external reserves since November 2024, when the reserves peaked at $40.2 billion.
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